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Determine the economic productivity level
Up until 1500 as best we can tell there had been next to no growth in output per worker for the average human for millennia. Even in 1800 average human alive had a material standard of living (and an economic productivity level) at best twice that of average human alive in the year 1. The problem wasn't that there wasn't any technological progress. There was. Humans have long been ingenious. Priestly, Warrior and bureaucratic elites in 1800 lived much better than their predecessors in previous millennia had lived. However just because elite that ruled you lived better doesn't mean that you--if you were average--lived any better.
relation between production and consmption
Q. Explain about Contingent valuation? Evaluation of willingness to pay for a specified environmental resource or a change in the resource, through use of structured questionna
how does economics bridge the gap between economic teory and practise
Explain how the price system eliminates a surplus. The meaning of surplus is that quantity demanded is less as compared to the quantity supplied. This will lead to downward pr
Surplus: Anysector or agent in economy (business, householdor government) experiences a surplus when its income surpasses its expenditure. Surplus, Economic: For the economy
how to draw a table of the demand and supply scdule
May I get a quote on title EM13106443. Thanks
1. Suppose that Mr. John has the following Cobb-Douglas utility function U = 6X^2/3y^1/3 the market price of X and Y commodity are $1 and $2, respe
Demand Pull Inflation: It describes a sustained increase in the general price level that is caused by a permanent increase in nominal aggregate demand. Simply, is can be view
Show the possible outcome of setting a minimum wage for under-eighteens. Explaining and illustration of minimum wage - clearly set above market equilibrium outlining res
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